Adams Express/Petroleum and Resources names new CEO
Adams Express Co. and Petroleum & Resources Corp. have tapped an executive at BNP Paribas Investment Partners to run the two Baltimore closed-end mutual funds.
Mark E. Stoeckle will succeed long-time CEO Douglas G. Ober, who said last June he planned to retire after heading the two funds for the past 21 years.
Stoeckle oversaw about $5 billion in stocks at BNP Paribas Investment Partners, part of the French financial services giant. He will move to Baltimore from Boston to take over running Adams…
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